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...fell by 10% compared with a year earlier. The World Bank now expects the economy to contract by around 8% for 2009 as a whole. Traditional industries such as steel are hurting badly. The decade-long consumer boom has turned into a slump as unemployment soars. The government has cash to spend after years of sensible budget policies, but the central bank will be forced to keep interest rates high as long as inflation is stuck in double digits and trust in the ruble remains shaky...

Author: /time Magazine | Title: Europe and Russia's Continental Rift | 7/13/2009 | See Source »

...signing partnerships with Liberia's tens of thousands of small rubber farmers. Under the deals, BRE builds roads and bridges to the plantations, removes old rubber trees and pays the farmers for them, smooths the land, replants it with new saplings grown at a BRE nursery and even plants cash crops like beans and peanuts between the rows. These crops give the farmer an income for the five to seven years until the rubber trees start producing latex. The rubber farmers have to do or pay nothing. BRE even trains and employs up to 1,000 people in the process...

Author: /time Magazine | Title: Rebuilding Liberia | 7/13/2009 | See Source »

...never said that. I don't believe in flipping real estate properties. Flipping is gambling. That's not what I do. I am a pure investor. I look at properties for the cash flow. The people that are worried today are flippers. The people invested for cash flow are still doing fine...

Author: /time Magazine | Title: 10 Questions for Robert Kiyosaki | 7/13/2009 | See Source »

...Here is what they've gleaned so far: Over a period of time that remains undetermined, the cemetery manager allegedly took payments, often in cash, from customers who believed they were buying new burial plots. In fact, authorities say, the manager ordered groundskeepers to unearth the coffins that were already buried in these plots. They were placed on trucks and disposed of in a remote section of the cemetery, often referred to as the "dump area," according to court documents. Bones often fell onto the roadway. Other times, groundskeepers would "double stack" human remains within a single, unmarked grave...

Author: /time Magazine | Title: Outside Chicago, a Grim Tale of Unearthed Graves | 7/11/2009 | See Source »

...Still, the balance remains to be settled. The L.A. attorney's office is investigating how the cash-strapped city got stuck with the bill - and how it can press other parties to chip in. Officials have reached out to members of the Jackson family, though their response is as yet unknown. (Hear TIME's top 10 Michael Jackson songs...

Author: /time Magazine | Title: Jackson May Play London After All, Via Footage | 7/10/2009 | See Source »

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